Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells 21,250 Shares of Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $5.75, for a total value of $122,187.50. Following the sale, the chief executive officer now owns 3,695,840 shares of the company’s stock, valued at approximately $21,251,080. This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Arora Ashish also recently made the following trade(s):

• On Thursday, January 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.86, for a total value of $124,525.00.
• On Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.63, for a total value of $119,637.50.
• On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.93, for a total value of $126,012.50.
• On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.94, for a total value of $126,225.00.
• On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.31, for a total value of $134,087.50.
• On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.00, for a total value of $127,500.00.
• On Monday, December 9th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $5.87, for a total value of $352,200.00.
• On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The stock was sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Trading Down 2.5 %

Cricut stock opened at $5.79 on Friday. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40. The stock’s fifty day simple moving average is $5.69 and its 200-day simple moving average is $5.98. The firm has a market capitalization of $1.24 billion, a P/E ratio of 20.68 and a beta of -0.01.

Cricut (NASDAQ:CRCT) last posted its earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $167.89 million during the quarter, compared to analysts’ expectations of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same period last year, the company earned $0.08 EPS. Sell-side analysts predict that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a dividend of $0.50 per share. This represents a dividend yield of 3.4%. The ex-dividend date was Tuesday, January 7th. Cricut’s payout ratio is 71.43%.

Hedge Funds Weigh In On Cricut

Several hedge funds have recently made changes to their positions in CRCT. JPMorgan Chase & Co. grew its holdings in shares of Cricut by 296.2% during the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock worth $1,283,000 after purchasing an additional 138,385 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Cricut by 42.7% during the second quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after buying an additional 135,539 shares during the period. Tenzing Global Management LLC boosted its stake in shares of Cricut by 4.9% during the third quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock worth $14,900,000 after buying an additional 100,000 shares during the period. Algert Global LLC acquired a new stake in shares of Cricut during the second quarter worth about $558,000. Finally, Martingale Asset Management L P boosted its stake in shares of Cricut by 258.6% during the third quarter. Martingale Asset Management L P now owns 125,846 shares of the company’s stock worth $872,000 after buying an additional 90,757 shares during the period. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut their price objective on Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th.

About Cricut

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.